One of his most recent deals was a joint takeover of Heinz which is apt as the word bean is used as slang for dollar

STERLING has had a pounding this week on speculation the Bank of England will delay a rise in interest rates until 2015.

Just a few months ago Governor Mark Carney warned a rise could come before markets expected. Now the Bank is more cautious.

The irony is that although the pound has fallen against major currencies, the UK economy is in better shape than most rivals (see below). The eurozone in particular is struggling and Jane Foley at Rabobank thinks the euro could run out of steam. She reckons the single currency is heading for 77p which would value the pound at €1.29.